NEPSE Gained 0.44% With 4.48 Arba Turnover This Week (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Nov 24, 2023 1:42 PM on Latest, Stock Market, Weekly Analysis, SS Pro,

 Part 1: Rundown and Technical Analysis

This week, NEPSE index closed at 1,860.20 after gaining 8.12 points (0.44%). The index closed at 1,850.08 last week with a gain of 0.24% from the previous week.

This week, the index went as high as 1,872.64 and as low as 1816.68 hence witnessing volatility of 55.96 points. The index had seen volatility of 50.98 points in the previous week.

The highest intraday loss was 20.68 points on Wednesday with a turnover of Rs 1.08 Arba, however, the total turnover stood at Rs 4.48 Arba this week.


Momentum Indicators

The RSI reading on the daily timeframe is 43.84. Meanwhile, the RSI reading on the weekly chart is 40.47.

On the other side, the MACD line and Signal line both are in the negative zone, i.e. below zero but the signal line has crossed the MACD line and the MACD line is below the signal line in the daily timeframe with the MACD reading at -25.53.

Nepse Index is below both its 5-day Moving Average and its 20-day Moving Average. This is a bearish signal but requires further confirmation.

1,807 – 1,837 zone may act as the nearest support whereas, the 1,925 – 1,945 zone will act as resistance.



Part 2: Insight into Important Data

The highest intraday loss was 23.82 points on Tuesday with a turnover of Rs 95.04 Crores, whereas the total turnover of the week stood at Rs. 4.48 Arba. More than 1.56 crore unit shares have been traded through 1,74,410 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,868,120.36 million i.e. Rs 28.6 Kharba.

NEPSE index and Sub-indices performance: (Decline is based on the previous week's close)

The NEPSE index gained by 0.44% this week. Only four sector indices are closed in red.

Stocks with the highest Monthly Beta:

The top three companies with the highest beta are Peoples Hydropower Company Limited (PHCL), Ingwa Hydropower Ltd (IHL) and Buddha Bhumi Nepal Hydropower Company Limited (BNHC) with 3.087, 2.571, and 2.412 respectively.

Top Ten Gainers of the Week:

Three Star Hydropower Limited (TSHL) is the top gainer. TSHL closed at Rs. 381.10 with an Rs. 72.40 (23.45%) increment.

Top Ten Losers of the Week:

Prime Commercial Bank Limited Promoter Share (PCBLP) price has decreased by 15.34% and its LTP stands at Rs. 122.

Top Stocks by Turnover, Volume, and Number of Transactions:

Sonapur Minerals and Oil Limited (SONA) is the top-traded company of the week. A total of Rs. 30.62 Crores worth of SONA shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Pvt. Ltd (Broker No- 58) was the top buyer broker this week and it bought stocks worth Rs. 21.14 Crores.

Top 10 Bought Companies:

Top Seller Brokers of the Week:

Imperial Securities Company Pvt. Ltd. (Broker No- 45) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 31.43 Crores.

Top 10 Sold Companies:

All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.